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External Trade of Georgia in January-September 2016

External Trade of Georgia in January-September 2016 (Preliminary) In January-September 2016 external merchandise trade (excluding non-declared trade) in Georgia amounted to USD 9104 million, 24 percent higher year-on-year.

The exports equaled USD 1512 million (8 percent lower), while the imports stood at USD 7592 million (34 percent higher). It should be noticed that in the accounting period import of C hepatitis medicaments took place excluding which import equals USD 5194 (3 percent lower). The negative trade balance was USD 6080 million in January-September 2016 and its share in external trade turnover constituted 67 percent. Export excluding re-export amounted to USD 1195 million. The table below shows monthly data for 2015-2016 exports and imports in absolute indicators and their change (in percentage) compared to the corresponding month of the previous year.

In January-September 2016 the external trade turnover of Georgia with the EU countries amounted to USD 2554 million, grew by 10 percent compared to the corresponding indicator of the previous year. Exports amounted to USD 389 million (17 percent lower), while imports amounted to USD 2165 million (17 percent higher). The share of these countries in the external trade turnover of Georgia amounted to 28 percent, 26 percent in exports and 29 percent in imports (in January-September 2015 32, 29 and 33 percent correspondingly). 29 percent of the trade deficit came to the EU countries (34 percent in January-September 2015. In January-September 2016 share of the top ten trading partners in the total external trade turnover of Georgia amounted to 70 percent. The top trading partners were Canada (USD 1829 million), Turkey (USD 1140 million), Ireland (USD 621 million) and Russia (USD 612 million).

Major commodity groups by exports and imports In January-September 2016 Copper ores and concentrates reclaimed the first place in the list of top export items, equaling USD 243 million, or 16 percent of total exports. Exports of Motor cars totaled USD 121 million and its share in the total exports amounted to 8 percent. Ferro-alloys occupied the third place. Exports of this commodity group stood at USD 120 million and 8 percent of the total exports.

The top import commodity in January-September 2016 were Medicaments, imports of which amounted to USD 2591 million and 34 percent of the total imports from which USD 2398 million comes to the import of C hepatitis medicaments. Petroleum and petroleum oils commodity group followed in the list with USD 412 million, or 5 percent of imports. Motor cars came third with USD 338 million (4 percent of imports).